Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 151,372 shares, a decline of 83.2% from the December 15th total of 903,214 shares. Based on an average daily volume of 4,767,598 shares, the short-interest ratio is currently 0.0 days. Currently, 41.6% of the shares of the stock are short sold. Currently, 41.6% of the shares of the stock are short sold. Based on an average daily volume of 4,767,598 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

AKAN has been the subject of a number of recent research reports. Wall Street Zen raised shares of Akanda to a “sell” rating in a research note on Saturday, October 18th. Weiss Ratings assumed coverage on Akanda in a research report on Wednesday, October 15th. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Akanda Price Performance

Shares of AKAN stock traded up $0.18 during trading hours on Monday, reaching $2.63. 3,543,365 shares of the stock were exchanged, compared to its average volume of 3,318,845. Akanda has a 12-month low of $2.08 and a 12-month high of $46.45. The company’s 50-day moving average price is $4.28 and its 200-day moving average price is $12.77.

About Akanda

Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products to patients worldwide. It offers medicinal-grade cannabis and cannabis based medical and wellness products. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom.